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MONEY With Melissa Francis

News/Business. Melissa Francis with a breakdown of the day's top stories and their impact on the American Taxpayer. New.

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01:00:00

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Us 20, Bahrain 16, U.s. 7, United States 7, Humana 3, America 3, Melissa 2, Iran 2, Massmutual 2, Moody 's 2, Nick Burns 2, United 2, Mario Draghi 2, Europe 2, China 2, Wells Fargo 2, Bush 2, Obama 2, Hillman 1, Coburn 1,
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  FOX Business    MONEY With Melissa Francis    News/Business. Melissa Francis with a breakdown of the day's  
   top stories and their impact on the American Taxpayer. New.  

    September 4, 2012
    5:00 - 6:00pm EDT  

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expectations of more economic stimulus from the fed which many feel will be inflationary to the buck. liz: number one thing will be facebook. you heard from robert gray more shares will be added to the float and mark zuckerberg will hold his stock for 12 months. won't sell anything. the stock hit a new all-time low today. can this stock find a bottom? david: that's why you have to watch us to the very end. melissa: i'm melissa francis and here's what's "money" tonight. i am back from the middle east with our week-long series, oil, dire straits. deck from the uss enterprise. tonight my ex-chruf sieve interview with sheikh mubarak. why they are fighting to keep the strait of hormuz open and the brutal crack down in the kingdom. this is critical keeping iran contained. the kingdom's record on human rights is nothing to be part of. is the partnership worth it? we'll get reaction from
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foreign policy expert and harvard professor nick burns. are you better off today than four years ago. it is the question of the day of the as the curtain rises on the democratic national convention. a majority of americans say no. i things as bad as they feel though? we're crunching the numbers here. even when they say it's not it is always about money. melissa: it is good to be back. all right. let's take a look at the day's market headlines of the decline in u.s. manufacturing and construction activity sent stocks sharply to the downside in early trading but the major indices recovered from session lows. optimism from potential steps from the e consider. b this fall, the european debt crisis lowered investors anxiety. the blue-chips closed down 54 points. not bad. apple announced it will hold a major media event on september 12th.
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the tech giant is expected to unveil the iphone 5. u.s. auto sales going on a tear in august. gm, ford, chrysler all reporting double-digit year-over-year gains. that puts u.s. automakers on pace to sell a strong 17.6 million seeks this year. that is a huge number. now on to our top story. our special series this week, oil's dire strait. last week i was in the middle east to find out exactly what goes into protecting the strait of hormuz, all this to insure the flow of 17 billion barrels of oil a day. this is the job of the navy's fifth fleet stationed in bahrain. i sat down exclusively with the sheikh mubarak of the royal family to discuss the importance of keeping the strait open. how essential do you think the navy is to keeping the strait open? >> it is critical to keeping the strait open. melissa: are they essential? if they left, would there be others to fill in the gap do
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you think? >> i think it is pretty clear that they are essential to be here and it would be very difficult to fill in the shoes of the american fifth fleet here in bahrain or in the region the whole world could come to a standstill if this energy is not delivered to their doorstep. i think everyone is pretty much on the same boat. it is critical to keep the straits open. if anybody has an objection to the u.s. presence it i either iranians or to their supporters. their supporters could be on either side of the gulf but we want to stick, thick and thin, with the u.s. on this. melissa: the impression on the other side of the world about tensions are rising and building to a boiling point. is that your perspective here? >> have we got a long way to go? yes, sure. are we the same as capitol hill or western style democracy? no, we're not. what took hundreds of years
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to take place in the west, we started 10 years ago. so we're nearly there. we have a two-chamber parliament. can it be developed? yes, for sure but, let's not bring religious, religion into this. let's not bring ideologies into this. let's talk about a civilian state that benefits the people of bahrain for a better standard of living. melissa: how do you deal with it the protests in the meantime? because certainly if nothing else it would dampen the impression of bahrain around the world. >> i think there is no, no compromises on security and stability. and therefore we can't allow protesters who have an opinion to blockade roads or, use petrol bombs or use ieds, installing fear in normal citizens lives. we made mistakes in the past and in how to control the riots, the violence.
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but we're rectifying it. melissa: interesting perspective. the foreign policy aspect of handling oil in the persian gulf is actually pretty dicey if you didn't guess. we know bahrain is a vital ally but we touched upon their questionable human rights record. just yesterday bahrain court upheld life sentences for opposition leaders who were recently convicted of plotting to overthrow the government. we ask, is it morally, politically, economically sound to have our fifth fleet hosted in bahrain? nick burns, former undersecretary of state and professor of diplomacy at harvard university kennedy school. professor, thanks for joining us. we appreciate your time. >> thank you very much. pleased to be with you. melissa: do you think the government of bahrain, are they violating human rights or simply maintaining the peace as the sheikh would have you believe by what he just said? >> i think there is no question since the outbreak of the arab revolution 18
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months ago one of the most dramatic places has been pearl square and bahrain where the shia majority, elements of them, been protesting against government rule. as you know there have been lots of people arrested and now these sentences. one of the difficult issues for the united states is how do we react to this? because we've got our fifth fleet stationed in bahrain. bahrain has been a friend of the united states for last several many decades and there is this tension between our commitment to human rights, our commitment to our democratic principles on the one hand which are vitally important for us but our real world, concrete interests insuring the flow of oil through the straits of hormuz which you covered. insuring that we have stable relations and influence with governments in the region like saudi arabia who have an in this. melissa: i want to talk about the video we're looking at here. he is trying to make the case, he said this repeatedly and very open about it when were doing the interview and didn't shy away from the question. when you have people in the
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streets throwing molotov cocktails you are putting in jeopardy the safety of the rest of our citizens. he makes it sounds like you have a few people causing trouble the other side would say these are a few people standing up for democracy that want a voice and this is a monarchy cracking down on them. which do you think is closer to the truth? >> oh, i think the latter. my view is since the beginning of the crisis the vast majority of people protest having been protesting peacefully and certainly in the beginning months, way back in the spring of 2011, these were peaceful protests. there has been some violence and any government has an obligation to maintain security in their societies but i think it's a stretch to say that the people that they have been arresting and putting on trial are somehow threats to the physical security of bahrain. melissa: okay. so given that, what does that mean for our position, our relationship with them? because it's, somewhat essential to us being stationed there. we need to have a base. we need to have a place to call home, to station from
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and go out. i have mean does this, can we hold our heads high and say we're stationing in this country where they're cracking down on democracy? >> it makes bahrain one of the most difficult countries for the united states in the middle east and during these revolutions because we have an obligation to object and to tell the bahrainies when we disagree about the treatment of their own people inside their country. the it. >> has always stood up for the human rights of other people in very difficult situations but here's the problem. we also have an obligation to retain influence with the ruling family and to make sure that the united states has enough influence to protect our own interests. melissa: right. >> flow of oil through the persian gulf and keeping bahrain and saudi arabia and the united arab emirates on our side in the struggle with iran. therefore you see this tension between our ideals and our self-interests. it's been part of the problem of american foreign policy, one of the
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challenges for 200 years but particularly important during these middle east revolution. >> you're absolutely right and you have to ask yourself who is the greatest enemy in the region who do we need to partner with? do that end i would play for you, i talked to rear admiral carter in the region about the threat iran developing nuclear weapons. set oil aside and talk about nuclear weapons. here is what he had to say. international security is your life. what does it mean if they have a nuclear weapon? >> i don't want to speak on national policy because that is outside my lane but it would be a concern. melissa: what do you think about that? >> oh, i think if iran develops a, acquires nuclear weapons capability it is a disaster for the united states and our interest in the region the past two american presidents have seen this exactly the same terms. president bush and now president obama. we're trying to do everything we can and we should try to prevent iran from acquiring a nuclear weapon. here is where we go back to your story. saudi arabia, bahrain,
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kuwait, and the u.a.e., united arab emirates have been partners of the united states in trying to isolate and sanction the iranians. melissa: given everything we have said in this segment so far, and wrapping it up because i received a lot of viewers from viewers you're sitting in a country where they're cracking down on their people and not saying anything about it, given everything going on in the world, should we remain friends with bahrain or do we stand up and say no? >> i think we have to remain friends with bahrain. bahrain's strategic importance is obvious. the position of our fleet, the fifth fleet and importance is pivotal right now given the iran crisis but at the same time, and i'm sure the obama administration is doing this, we've got to talk privately in a very tough way to the bahrainies to give them constructive advice and feedback they need to have. they have been excessive in cracking down on the human rights of their own people and we have an obligation to say that to them. melissa: professor nix burns, we really appreciate your
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insight tonight. it was very valuable. thank you so much for your time. >> thank you very much. melissa: so the answer to a very different question is no. the majority of americans say they are not better off than they were four years ago. can the democratic convention lift that black cloud hanging over voters? we are crunching the numbers. that is coming up next. former bain capital executives will reportedly take the stage at the dnc. does that seem a little hypocritical to you? more "money" coming up. ♪ .
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♪ . melissa: the stage is set. the democrats starting to party in charlotte for the dnc but if you heard president obama when asked how he would rate himself on his presidency so far you might wonder why they are celebrating. take a listen. >> i would say incomplete. the steps we took saving the automobile industry and making sure college is affordable an investing and investing in clean energy, science technology and research those are things we'll grow over the long term. melissa: are we better off today than we were four years ago? we are crunching the numbers
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to find out. lindsey piegza, a economist with ftn financial. she joins us to weigh in. i like the economist here. i don't like the conversation is emotional and petty. we're talking about numbers here. let's crunch the numbers. the big one is unemployment which ticked higher with 7.8% in january of 2009. it is now 8.3%. >> sure. melissa: is that a big difference? is that, i mean it was even higher in the middle. he would say, the president would say he brought it down. >> i think he will be hard-pressed to get a clear signal on any of these data points because they really are mixed. the unemployment rate came down from the peak of 10.1 as you mentioned. from 8.3 we're exact same level one month into obama taking presidency. we were on the same exact standpoint as we were four years ago. melissa: right. >> when you talk about 30 1/2 million americans actively seeking employment that is really own half the story. a good part of the decline
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in unemployment rate reflecting millions of americans dropping out of the labor force. if we add them back in you're talking about 16% unemployment. melissa: economist, no emotion, no politics, would different policies yield ad different result, do you think? >> it is different to argue a counter factual result. this is what the ball administration will do to have run on your economic record. if we didn't have the policies in place things would have been much worse off. maybe we would have much higher unemployment. this point into the recovery four years later we might talk about four or 5% 6% growth. the really a question of short-term gains or long-term gains as we put the economy on the path to prosperity. melissa: do you buy a different policy would have yield ad different result? >> i think we did need different policies in place. i think we needed toward a pro-business, pro-growth system, rather than trying to stem some of that, that disconnect we had in the marketplace. melissa: one place where there is no room for debate, gas prices.
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versus january 2009, they are up 107% that is something that is very painful to the average family. you know because it is regressive. it hits everyone the same no matter how much or little money you have. how much of that could be blamed on the president and his policies and how much is happenstance? >> remember the president doesn't control gas prices. the market sets the price based on supply and demand. we can't blame the president. if you're average american out there looking for a job, seeing your income continuously dwindle as more and more comes out of your pocket to ever-larger growing government that is very frustrating for the average consumer and they're looking to the president to put policies in place that will allow businesses to grow, to create jobs, to create income. thus allowing consumers to better absorb those price increase. >> or maybe want to see him in favor of the keystone pipeline. >> sure, to increase supply and help decrease that price. melissa: how about the debt load? look now versus january. of course today we crossed historic $16 trillion mark,
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coming from only, only, $10.6 trillion in january of 2009. it is still a lot of money. basically a 50% increase, a little more of share per person in january 2009. i was responsible for $34,478 of that debt. i am now responsible, you are too by the way, $50,906. spending can be directly tracked. >> this is ongoing problem for years. we can't just blame that on the obama administration. the national debt has risen five trillion since obama came into office. behind jobs americans made that the number two issue. this will be very difficult for the incouple ben administration to argue we're in better position four years later. >> 52% people polled thought they were worse off. 31% said better, 15% said about the same. i went through a lot of different stats. looking foreclosure filings and food prices are up 5%. i didn't find a lot of statistics, any for that
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matter that we're better off. is there a way to make the better off argument? >> i think you can if you look at financial sector. melissa: stocks. >> that is certainly a positive. the housing market. it is not a grand contributor to growth at this point but we've seen pockets of stabilization and even pockets of price appreciation across some of the least hit areas. median income on household basis that reverted to the previous high. gross domestic product, that too reversed to the previous high. there is a silver lining but there is that very large looming storm cloud we haven't been able to sidestep. melissa: thanks for coming and doing the math. >> you're welcome. melissa: we wanted to inject sanity into the argument. hear is the question today. are you better off than you were four years ago. phrase book.com at melissafrancisfox or follow me on twitter at melissaafrancis. the democratic national convention kicks off today.
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what can we expect from the democratic platform. juan williams, is at the democratic national convention. juan, sound like there is lot of energy. what is the buzz on the floor? >> everybody is getting ready. we just had debbie wasserman schultz, the chair of the democratic party really call the convention to order and very cute kids do pledge of allegiance and singer from "glee" do the national anthem. a lot of anticipation about mrs. obama's speech this evening and among the hispanic delegates, real focus, i'm so surprised at this, about julian castro, the mayor of san antonio, who is also going to speak tonight. he is just 37 and pretty much an unknown in national politics. melissa: are they hearing all the chatter are you better off today than you were four years ago? republicans obviously worked very hard to make that the question and message of the day, is that reverberating there? or is it only elsewhere?
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>> i think it is elsewhere but this is yesterday that this emerged. if you recall, martin o'malley, the governor of maryland added fuel to the republican fire saying no we're not better off than we were four years ago but the campaign and the convention delegates have responded with saying, oh absolutely. i think there is a settled sense here on that question and i was fascinated by your previous segment, melissa because to my mind it's a real republican plan. i don't see the have lid tst -- validity of the question. you think the country was losing half a million jobs a month when the president came into office. we're producing jobs. if you look at gdp, look at wall street. look at foreclosures i could go on the only measure you could say are we better off than not, someone points to the unemployment rate there, that's a problem. gas prices. melissa: median income has fallen 40%. federal reserve came out with that number a little
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while ago. i'm glad you brought up governor o'malley, he said this is not the question of the election. the question without a doubt, we are not as well as off as we were before george bush brought us the bush job losses bush recession, bush deficit. a lot what you were saying. i wonder, republicans respond, you know what? i didn't like him either. last time i checked he is not running either. saying bush is to blame, does that get you any traction with average voter? i doesn't want him. i want someone else entirely. >> that is a good argument but if you look at the polls and ask people who is to blame for our economic predictment, the answers now is still number one the republican-led majority in the congress and secondly, then you go on to bankers and you go into corporate america. but undo the way it is about 50% of americans still blame george w. bush. 30% in those polls point to barack obama. so it is a problem for republicans because there is
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a bush hangover. melissa: it is although if you look at the last question in the poll from "the hill" we're talking about, based solely on job performance does president obama deserve to be reelected? 54%, vast majority say no. so how do you deal with that one? >> well, i think in part you have to remember that people still like him. so overwhelmingly people are willing to make excuses for a guy that they like personally and, as you know, this was a theme at the republican convention in tampa last week, there are lots of people who feel like they have invested so much in him emotionally and believe that there are better days to come. they're reluctant to acknowledge there has been some failure. what we're really talking about here from a political strategist point of view, melissa, is the focus on the very small sliver of voters who will decide this election. the electorate is so polarized it will come down to five to 8% of the voters who will make the call. melissa: or 20 people out there who are not decided yet. the everyone is fighting for
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those last few voters. one williams, always a pleasure. thanks for coming on. >> you're welcome, melissa. melissa: $850 million double-dip. government audit find 117,000 people scoring unemployment and disability checks when they shouldn't be. the investigator behind the report joins us on what can be done to stop it that is coming up next. plus a grim new e.u. fiscal outlook turns up the pressure on this thursday's ecb meeting. does mario draghi have a plan to ensure the e.u. ace survival? we'll have that coming up. do ever have too much money? no way! ♪ .
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a. melissa: so today the u.s. debt hit a record 16 central trillion. you would think the
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government would be doing everything they can to cut down on unnecessary spending right? i would. a new audit by the government accountability office, with the most recent data available, 117,000 people double-dipped on their disability and unemployment benefits, costing taxpayers, you and me by the way, $850 million. i'd like to bring in rich hillman. managing director of forensic audits and investigative services at the gao. rick, thanks for joining us. let's get right to it. this is not necessarily illegal, corrects. >> that's correct. regulation on disability insurance program an unemployment program under certain circumstances allows individuals to collect disability insurance and unemployment insurance together. melissa: under certain circumstances. that means everybody in the group qualified for the circumstances or what are the circumstances? >> absolutely not. there is potential the payments we uncovered and
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current payments are authorized and illegitimate payments. some may be improper payments and others potentially fraudulent. melissa: the real idea behind it the government is replacing a portion of lost income, not once but twice. that's what these programs are really for, to replace somebody who is really temporarily out of work or who has a disability. the idea is not to replace it twice. some people take advantage and make out quite well. one person for instance, racked up a handsome $62,000 in 2010 by at thatting both but then also having a job on the side. how does this happen? >> the disability insurance program is designed to help to insure that individuals who are able to, can get back into the employ environment. so they encourage individuals to go back to work. up to a level for example, of what they refer to as substantial gainful activity.
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which is about $1,000 a month for the average individual. so, if that individual who is receiving disability insurance is also doing work up to the substantial gainful activity, and then loses that job, under current regulations they're eligible for unemployment insurance. melissa: what made you look into this in the first place? how did the investigation get started? >> the permanent subcommittee on investigations, senators coburn, and levin, were concerned about the serious fiscal sustainability challenges of the disability insurance program and the unemployment insurance program and they asked us to take a look how to potentially address some of these challenges. melissa: now that we know about it, how do we stop this from continuing because this is the frustration with everything we found out about the gsa? we heard about it and yet it continued. can we make this stop? >> absolutely. one of the keys is better coordination and communication between regulatory agencies. right now there is no legal
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requirement for the social security administration and the department of labor to look at these concurrent payments. and, with changes in legislation they could perhaps better steer and assess the extent to which these payments are appropriate or improper. melissa: all right. rick hillman, we'll keep an eye on it. we just can't afford this right now. thanks for coming on. >> thanks so much. melissa: i've been gone for two weeks and the european debt crisis, you know what? it is exactly where i left it. the continent holds its breath for a ecb rescue plan on thursday. oh gosh. that is coming up next. what about the extra money you have blown on organic food may have been better spent throwing it down the drain. i know. "piles of money" coming up and you're spending it on organic food want to try to crack it? yeah, that's the way to do it!
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♪ . melissa: moody's lowering its aaa outlook on the e.u. from stable to negative. it is latest blow ahead of a make-or-break ecb meeting this thursday. investors across the globe pinning hopes on rescue plan to solve the crisis of the good luck. will we actually see any progress? with me charles lipton, university of chicago professor in international politics. i go to the middle east and come back and i still haven't fixed this problem. how come? were you going to fix this last time i saw you? >> i wouldn't do it while you were out of the country. i think that would be wrong, that would be wrong. no. it is one of those problems that's very deep and very hard. during the democratic convention, during the republican convention, ann
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romney looked straight at the audience and she said in a very moving statement actually, she said of her husband, this man will not fail. and i think that's what mario draghi said about the euro during the middle of the summer. it had a reassuring effects on the market. over the short term the euro has been strong. now we have serious problems to tackle over the next month. melissa: i didn't buy it when he said that we're going to do everything we have to do or whatever it was, whatever it takes. whatever the statement was in the market was so buoyed by that. has he sort of oversold and underdelivered and what does that mean for his appearance this week? >> i don't think he's underdelivered yet. i think that we don't -- the package is still in the mail. i think what we're going to see, what we're already seeing is a split at the top of the germ man economic leadership about what to do. what draghi wants to do and hinted in a op-ed last week
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in a major german paper is that he would like to buy more bonds from some of the indebted countries. in fact if he bought bond from all the indebted countries, he could wipe up a lot of short-term elements of the crisis right away. so why doesn't he just do that? well because, the germans are afraid that if they do that and don't have fiscal discipline as well, they will just have unlimited inflation and that's something they're not willing to do. melissa: right. >> you've had german leaders, one on the bank board itself saying do not buy bonds. you've had others saying we must buy bonds. merkel herself has been a bit of a sphinx in this. melissa: they all go down together. moody's cites deterioration in creditworthiness of e.u. member-states. do you think? that seems pretty obvious at this point.
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>> it is not just a financial issue. it's very important, and u emphasized this repeatedly on your show. there is a real economy issue. in spain, for example, turns out they went into recession in the last quarter of 2011. it's been a mild recession so far. but it's been a double-dip. what you've seen in the united states is how much pressure there is politically on leaders. we've been growing at 1.5 to 2%. melissa: right. >> any cutbacks get tremendous resistance. that is all you see at the democratic convention this week. imagine what would happen if we were in recession. melissa: real quick before you go, is there any chance we check out on this, this is very annoying. it doesn't affect me, i don't want to pay any attention anymore? does it have real impact? >> not a real impact. not as big as some of the issues you were talking about closing the straits of hormuz or a war over oil fields but it does have an impact to us. first of all we have a lot
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of exports to europe. second of all we have a lot of multinationals. we the united states, have a lot of multinationals. we have a big presence there. third arbs lot of our export partners sell there, if china takes a hit in terms of a downturn in europe that will affect our ability to sell to china. it has knock off on effect for the united states. melissa: no matter what. >> exactly. melissa: professor, always a pleasure. >> my pleasure. melissa: americans shell out $31 billion a year, $31 billion on organic food. are you kidding? a new study says it doesn't make the slightest difference for your health. we'll explain all of that. i know it is painful. at the end of the day it is all by "money". ♪ .
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♪ . melissa: the organic food industry is just booming. last year sales topped $31 billion but when you spend more for a container with a usda sticker on it are you sure that you just made a healthier choice? a new stanford university study shows just because something says it is organic doesn't mean it is any better for you though it will definitely cost you more. is the whole organic food
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industry just a sham? joining me executive director and ceo of the organic trade association. who i have no doubt does not think organic food is a sham. let me ask you about this study though, very seriously. they spent four decades researching this comparing organic and conventional foods. don't know why it took that long. this is stanford university. they said there is no additional nutritional value to organic foods. how do you react to that? >> i react by saying first of all this was a review of research. they didn't actually do the research and, it's not really at all shocking to us because that is not what the primary reason for people buying organic is in regards to nutritional difference. organic is not, it is not one of its defining qualities. people buy organic for what it doesn't have. it doesn't have pesticides. it doesn't have accident. mos. it doesn't have antibiotics.
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melissa: let me stop you right there. because i'm looking at a 2010 study says 76% of people bought organic food because they believed it was quote healthier than conventional food. >> right. melissa: only 53% bought it because it doesn't have. here the majority did buy it because they thought it was healthier. turns out it is not. in fact the researcher said there is no health advantage to organic meats. that's a quote. >> well, you know it's all definition. in fact in regards to, it is really a question of how do you define health, for instance. if you go back and you look at the, the u.s. president's cancer panel you will find that that study recommended for people in this country, which we do have a high rate of cancer in this country, if you want to reduce your risk for potentially getting cancer in your lifetime, they recommended that you avoid food with pesticides. melissa: according to the
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usda the price of these foods is 10 to 30% more. when you have someone from stanford come out and say there is no health advantage to organic meats, end quote, when we thought there would be finding that support the superiority of organics over conventional foods. we were quote, definitely surprised. that is pretty damning, from a pr standpoint i understand you would be a good sport come out tonight and spin this in the right direction. does something like this get traction and how do you combat it? >> first of all i think you have to read the whole study because that was just one part of the study. melissa: pretty damning. it is a damning part of the study but go ahead. >> well, it's a, it certainly, you're not, you're just focusing on one section. what you have to look at is the major reasons that people buy organic to avoid those things that we just talked about. so that is, those are health contributing attributes of organic. melissa: christine, thanks for coming on tonight.
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we appreciate your time. you're a great sport. >> thanks. melissa: mailing birdies never paid so well. tiger woods has a new record. i didn't know where we were going with that sentence. i was worried. you can never have too much money. we'll be right back. ♪ .
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turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll go far. ♪ . melissa: all right. it is time for a little fun with spare change. how i have missed this segment. today we're joined by author, radio talk show host, monica crowley. the fabulous one. our very own adam shapiro who is also fabulous. you always get the short end. >> i don't have a radio show. melissa: you're not blond. so all those things. >> i don't have a dress. you were talking about dresses earlier. melissa: sure you don't. just finishing in third place at yesterday's deutsche bank championship tiger woods is now the first golfer to earn more than a $100 million in winnings. tiger made more than half a million dollars yesterday. that is a pretty good day, for just finishing two shots
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behind the winner. are you surprised to hear that he made that much from his winnings. >> i am. that is a staggering amount of money. that doesn't even include from all the money he gotten from advertisers an endorsements and so on. that is just from winning championships. part of the reason is because he started so young, right? he started entering real tournaments at a very young age. the next person in line doesn't even have about half of what tiger woods earned out. it is incredible. melissa: it is amazing. >> look at the focus he had first part of his career until the unfortunate scandal, a year ago it was two years ago? if he can get the focus, how far can he go. you can play golf a lot longer than say football how much do you think endorsements have waned since the scandal? i don't follow this that closely and his image have been dinged. although not in the golfing world. >> a editor i met thousand years ago said american people are forgiving.
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the american people have been foregiving him. he has done a lot of mea culpa. >> american people are forgiving him because he is winning. he has a long time back in terms of winning championships. he placed third in the most recent one. as long as you're winning they will forgive anything. melissa: there you go. next up, here is something to wake you up in the morning. taco bell is rolling out mountain dew and tropicana orange juice, and you can have these chips took that as well. chips and a little tropicana and bound to. would you trade your coffee in? >> i didn't know that america was trying out. maybe there's a market for it. how know. mountain dew is loaded with caffeine. more caffeine than any other carbonated beverage. getting the tickets away.
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melissa: you are a complete addict. >> eight cups and an asset for the day. melissa: i challenge you. we could make our own. don't even have to go. pour it in. we'll have a taste test. >> jolt cola, three times the caffeine. melissa: just a little over $400,000 this past weekend. that was its opening weekend making it the worst ever gross for a film. what a title. the film reportedly cost $60 million to make. how is that possible? i try to watch this on line, and it makes barney look tolerable. this thing, i worked with her when i was a kid.
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at the sea was dead. >> in your career on the set no like this. used to call her. it looked really good. melissa: go to a movie theater and check it out. >> i did not. >> i was in college 19 after a party. i was horrified to see it come back. and did not think it was real. my brother used to be at another company. people ask for is a vice. he says, before i give you advice and the guy who when people approach me to talk about this purposing in dinosaur. so i look at the stuff. the show, not the dinosaur, tell it to be. melissa: somehow this is even less tolerable. i watched an online. >> but now that everybody is doing this story about how badly at the box office is going to gain a cult following, promise.
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melissa: i don't know. i don't know. >> eight years old. >> okay. melissa: do you remember what you got from the tooth fairy when you lost your first to fall as many years ago? the average rate for a lawsuit has gone up 15% a year to $3. that was when they get up to $20 a tooth. launched an application to help you get with the going rate. and based on things, education, location, and come, do you think this is the right amount? >> well, we will all date ourselves. >> i have about 50% to $0.50. a dollar back. >> this is what i do for a living. melissa: trying to by your function. >> i don't know. >> a little steep.

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